The Commonhold and Leasehold Reform Act 2002 gives leaseholders the statutory right to effectively take over the management of their properties by forming a Right to Manage Company (RTM).
As long as 50% of residents within your building are in agreement you will have the right to take over the management from your freeholder or replace a poor management company. You do not need your landlords’ permission to exercise your right to manage, although you will need to meet qualifying rules set out within the Act. Pepper Fox will visit your property in the first instance to determine whether your building meets the relevant criteria.
For more information please see the following guide issued by The Leasehold Advisory Service:
Pepper Fox are able to offer a ‘one stop’ process to guide you through the complexities of acquiring your right to manage. We do not charge for this service, however, standard legal fees will still apply.